It's come to my attention that the above ground material may not be subject to the 15% royalties to GHDC (I'll try to verify). If so, the numbers then change to

(.75 oz/t x $1200)-$50 = $850 net/t. And remember, you have to subtract $50 costs for each ton, not for each ounce. At .75 tons/oz, that's $67/oz costs.

So net $850/t x 50 t/day = $42500/day x 30 days = $1,275,000/mo x 12 = $15,300,000/yr.

Subtract $1M for lease payments, and you have a net of $14M/year. That's AFTER processing costs and after lease payments.

Ramp up to 100 tpd yields 2 x $15,300,000 = $30,600,000/yr - $1M = ~$30M/yr AFTER costs.

200 tpd = $60M/year

300 tpd = $90M/year

400 tpd = $120M/year